Celo Dollar (cUSD) Stablecoin Launches as the Libra Rival Eyes Digital Ecosystem Dominance

Celo Dollars (cUSD) stablecoins are now live on the platform’s mainnet according to a medium post by the foundation on June 29. This comes barely two months since Celo’s mainnet went live; the project has been making aggressive moves in both development and community growth. With Celo’s stablecoin (cUSD) now accessible, the foundation is optimistic that its vision of an all-inclusive financial ecosystem will be realized.

Notably, Celo’s infrastructure has been gaining popularity as its Alliance membership surged following its debut in March with an initial 50 members. Two months in, the number had grown to 75 as more players collaborate to expand Celo’s ecosystem. Prominent names contributing to this project include Bison Trails, Alpha Wallet, Paxful, Polychain, and Mercy Corps, to mention a few. Currently, the Alliance’s focus is in four areas; communications, policy, remittances, and international aid.

The Celo Dollar (cUSD)

As cryptocurrencies take the center stage of digital asset innovation, programmable money is a no brainer for today’s economy. It is, therefore, not surprising that the digital currency trend has been resilient since Bitcoin recorded ATH back in 2017. Consequently, crypto market players have come up with ways to eliminate some aspects of volatility hence the rise of stablecoins over the course of 2019.

Celo Dollar (cUSD) is designed to further enhance the grown of $34 billion P2P markets, $1.4 trillion PoS market, $248 billion gig economy, and $87 billion remittance market. Users can leverage the cUSD to make touchless merchant payments in the wake of COVID-19 preventive measures. They can also send or receive Celo Dollars locally and internationally at friendly fees that are as low as $0.01.

Finally, this Celo based stablecoin can be used to access financing by borrowing at interest. This is especially valuable in economies with a high unbanked population given the increase in smartphone accessibility hence the opportunity to operate on Celo’s network instead.

Celo’s Prospects

The Celo Alliance is considered a Libra rival in the digital currency space but may soon be in the clear should regulatory pressures favor its existence. It has been making significant milestones since we began 2020, including a $700k grant allocation to startups building on the Celo blockchain network. cLabs, Celo’s founding company, also raised $10 million in the Celo Gold (cGLD) token sale on CoinList in which around 509 global investors participated.

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Author: Edwin Munyui

Crypto Trading App Voyager Raises $2.1M in Private Placement to Expand User Base

Voyager, the crypto-asset brokerage firm, has announced a private placement of 2.9 million Canadian dollars raised through the sale and distribution of 14,484,440 units. Each unit represents a share of the Company and one-half Share purchase warrant in the capital of the Company.

Voyager offers brokerage and trading advice to retail as well as institutional investors. The firm also provides crypto custodian services for a range of digital currencies.

The private placement saw participation from LLLP, Streamlined Ventures, LLC, Susquehanna Government Products, and Market Rebellion, LLC, as well as Market Rebellion co-founders Jon Najarian Dirk Mueller-Ingrand, and Pete Najarian.

Each unit of the Company was valued at C$0.20, and the holders of one complete warrant can also subscribe to one additional warrant for C$0.30 per share for two years.

Voyager has pledged to utilize the raised funds to expand its customer account base through various innovative marketing tactics and for other corporate purposes. Stephen Ehrlich, CEO, and Co-Founder of Voyage commented on the success of the private placement and said,

“We are very excited to have such a group of highly respected industry investors to support our aggressive growth plan.

With this funding now completed, we will now accelerate the execution of our product roadmap to support our rapid account growth, asset growth, and increased trading activity of our customer base.”

Earlier this year, the digital asset broker added three stablecoins to the mix of crypto that it offers traders; Tether (USDT), USD Coin (USDC), and True USD (TUSD). They also acquired Circle’s crypto investing app, which has helped them add over 40,000 accounts.

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Author: James W

US Finance Giant Bottomline Testing Ripple’s Disruptive Technology

  • Bottomline Technologies processes trillion dollars in payments every year and operates in 92 countries
  • The idea is to update the company’s software mode to leverage new disruptive technologies

The US-based finance giant Bottomline Technologies is testing blockchain-based Ripple’s remittance network.

Laurent Laborde, Solution Architect at Bottomline Technologies says the company is updating its software-as-a-service (SaaS) model, a software distribution model in which a third-party provider hosts applications and makes them available to the customers, to leverage new disruptive technologies including Ripple. The recent update on Laborde’s page reads,

“Fundamental part of the move of our SaaS to the current disrupting technologies in the financial market: API-based payments, Ripple.”

The San Francisco-based startup has built a software which is a faster and cheaper alternative to Swift. Apart from RippleNet, which is a network of 300+ banks and financial institutions across 40+ countries, it offers the option to use digital asset XRP to move money across borders.

Laborde however, hasn’t specified which solution of Ripple the company will be implementing.

A payment processing company, Bottomline Technologies is an innovator in business payment automation technology that operates in 92 countries. The company processes trillion dollars in payments every year and has reported a total revenue of over $108 million in the first ending Sept. 30, 2019.

Citizens Bank, GPS – Global processing services, Shepherd Center, Parkinsons UK, Quantum Advisory, Deljis, Carte Blanche Group, ASSA Abloy, First Command, and Rotom are Bottomline’s partners.

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Author: AnTy

Lottery Winner in Illinois Uses Half of His Prize, Worth $250,000 to Buy Bitcoin (BTC)

A resident of Illinois won half a million dollars in a state lottery and later claimed that he invested half of it in Bitcoin. The story went public recently when the Redditor Joxnlol who won the lottery posted an image of himself with the check. He affirmed that he invested half of the prize in BTC. This netted him returns of 65% so far.

According to the investor, he will maintain the investment for at least a whole year. By setting aside some of the money for emergencies and, curiously, for tattoos, he used the other half for living expenses until his profit goes up. Unfortunately, his $500,000 USD was reduced to around $357,000 USD after he had to pay taxes on the price, so only $178,500 USD was invested in BTC.

He stated,

“I don’t intend to touch any of it for at least another year. I set aside money for emergencies, I set aside money for myself, and I set aside money for tattoos. The only major purchases I’ve done is […] bought a new car for myself and put a downpayment on a house.”

Joxnlol also affirmed that he was using the Robinhood app to keep his funds. According to him, there were security risks in using a centralized method, but he was not keen on using a cold storage wallet as he deemed that the risks were considerably higher for him.

The Redditor was criticized for showing his face online and some people affirmed that he should have invested 100% of the money in BTC, but the reception of the post was generally positive.

In related news, the number of people who use cryptocurrencies in the United States has recently been doubled. In 2018, only 7.95% of the Americans owned crypto in some form, while now 14.4% of them do it. With the rise in the popularity of crypto, the numbers will probably get a lot higher in the near future.

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Author: Gabriel Machado

Hashed Helps Dapp.com Raise a $1 Million to Help Boost User Base and Korea Expansion

Dapp.com raised a million dollars in the last week in an investment initiative that was led by Hashed. For those not in the know, Hashed is a South Korean based blockchain company and Du Capital. Dapp.com provides data analysis for all decentralized application products that have been built on the blockchain product, e.g., Steem, Tron, Ethereum, EOS, and BTC.

Kyle Lu, the CEO, and Founder of Dapp.com stated that the amount raised would go towards expanding into new markets. He went on to state that the company would use the money to expand into new Korean markets as well as to continue seeking new opportunities.

Hashed, which was launched 2 years ago (2017) is currently one of the biggest investment companies in South Korea. Some of its past investments have included Oasis Labs, Quark Chain, and Handshake.

DappRader, a leading competitor also closed its founding week in the past one week. Blockchain.com and Naspers were the leading investors.

History

Founded in 2017, Hashed reached the quarter-billion-dollar mark in May 2018. That was slightly over 18 months after it was launched. It sought to distinguish itself from all the other players in the crypto market by accelerating and concentrating on big crypto projects in the Korean market.

Started with only $600k, it right now manages over $250 million in capital and assets. The company is managed by a very small team that includes investment professionals, serial entrepreneurs, and engineers.

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Author: Daniel Jimenez

Grant Cardone, Founder of 10X, Offers Bitcoin’s Satoshi Nakamoto $1 Million to Speak at the 10X Conference

Grant-Cardone-Founder-of-10X-Offers-Bitcoins-Satoshi-Nakamoto-1-Million-to-Speak-at-the-10X-Conference

Grant Cardone – Founder of 10X – Has Offered To Pay The Creator of Bitcoin (Satoshi Nakamoto) 1 Million Dollars to Attend and Speak at The Upcoming 10X Conference

What could 1 million dollars get you in this day and age? Apart from a pretty good house, a Lamborgini or two, could it get you a highly reclusive and yet world-renowned figure? Probably not, but it would certainly be enough to get you plenty of publicity for the offering.

For those not in the know, Grant Cordone, the eccentric founder of the world’s largest and well known business conference – 10X – has since announced that he will pay the developer behind Bitcoin – Satoshi Nakamoto – 1 million dollars to not only show up but also to speak during his upcoming 10X Growth Conference 4, taking place in Las Vegas.

“I’m am happy to write a check to ”the real Satoshi Nakamoto” to speak at the 10X Growth Conference where 10X entrepreneurs, business owners, marketers, and blockchain developers will gather.” —Grant Cardone

The fact that Cardone has offered to pay Nakamoto through the medium of a check instead of a more ‘modern’ medium doesn’t bode well for his chances of attracting the legendary architect of decentralized money.

Regardless, the 10X Growth Conference is an annually hosted conference, with the next one taking place from February 21st to 23rd 2020, and based in Mandalay Bay in Las Vegas, Nevada. Among those in attendance is a range of celebrity speakers within the industry, along with A-List entertainment.

One of the added advantages of the conference is that there are plenty of networking opportunities with major players in the business world, along with a range of parties and highly informative content.

While it is certainly not likely that Nakamoto will take up Cardone on this not-so-generous offer, it is far more likely that this is a publicity stunt orchestrated in order to generate hype about this upcoming conference. Which, considering the fact that there are reports of this offer, demonstrates that it’s working.

In the past, the 10X Growth Conferences have featured a range of celebrity speakers such as Steve Harvey, John Maxwell, Daymond John, Sarah Blakeley, and Bethany Frankel. These speakers have also been followed by a range of A-List performers and musicians like Snoop Dog and Lil Jon.

At this moment in time, there have yet to be any confirmed speakers for the event, neither has there been any line-ups announced for performers, but this is an event scheduled for February 2020, major names, speakers and performers are likely to be expected in the near future.

For the 10X Conference, an individual like the founder and creator of Bitcoin would definitely be an exceptionally big draw for the company, as well as a magnet for Bitcoin enthusiasts, and more than worth the 1 million dollar investment. Even if this is a way for Cardone to generate more publicity and get eyes fixed on 10X. There is an understandable draw that Bitcoin has for people – considering the fact that it has managed to surge up by a staggering amount over this month alone – increasing rapidly from $5,000 to $11,000.

Satoshi Nakamoto’s real identity has been the subject of continuous debate over the last few years and is continuously stoked by a range of influencers over this same time. Culminating in recent discussions by the likes of John McAfee, who is the creator of the famous anti-virus software – McAfee, who stated that he knows the true identity of Nakamoto. He further asserted that he is very much alive and living within the United States.

About Grant Cardone

Cardone himself is a well known writer, entrepreneur and current Private Equity Manager with more than 1.2 billion dollars worth of assets under his management.

Along with these notches to his financial bow, he is also well known as a New York Times Best Selling Author and, according to Forbes Magazine this year, he is known as the number one expert in sales across the world, along with being called one of the top CEOs that users should follow on Social Media.

Cardone himself currently owns and operates more than seven companies that are responsible for more than 150 million dollars in annual sales, and has since launched the Grant Cardone Foundation – which is dedicated to support and improve the lives of children who grew up without fathers.

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Author: James Fox